The Main Expense of a Merchandiser Is

question 66

Multiple Choice

The main expense of a merchandiser is:

• A)cost of goods sold.
• B)current assets.
• C)selling and administrative cost.
• D)production overheads.

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Definitions:

Maturity Value

The amount payable to an investor at a security's maturity date, including principal and any remaining interest.

Cash Debited

An accounting entry that increases the cash balance in a company's ledger.

Notes Receivable

Financial assets representing amounts owed to the holder by others through formal written agreements stipulating payment terms.

Open Account

A credit arrangement where goods and services are provided with the agreement that payment will be made at a later date.